Churchill Mining
Churchill Mining’s strategy is to explore and develop mining projects that will leverage off the current appetite for raw commodities which are used in burgeoning steel and energy industries in growing economies.
Churchill’s main focus is its highly prospective thermal coal project located in the East Kutai Regency of Kalimantan, Indonesia. The Company has concluded an Exclusivity Agreement with PT Techno Coal Utama and the JORC compliant resource has been defined as 1.412 billion tonnes. Exploration and resource drilling continue along with scoping and pre-feasibility work.
Churchill has also acquired the Sendawar CBM Project in East Kalimantan, Indonesia, which is in an highly prospective area for coal bed methane. Additionally the Company acquired the South Woodie Woodie manganese project in Western Australia however due to the Company’s focus on Indonesia and the increased prospectivity of the project 80% was sold to Spitfire Resources Ltd.
Churchill's management continues to assess further opportunities in Australia and southern Asia to acquire quality projects in line with the Company's business plan. Churchill is committed to growing shareholder value by becoming a leading minerals explorer and future miner.
Churchill’s main focus is its highly prospective thermal coal project located in the East Kutai Regency of Kalimantan, Indonesia. The Company has concluded an Exclusivity Agreement with PT Techno Coal Utama and the JORC compliant resource has been defined as 1.412 billion tonnes. Exploration and resource drilling continue along with scoping and pre-feasibility work.
Churchill has also acquired the Sendawar CBM Project in East Kalimantan, Indonesia, which is in an highly prospective area for coal bed methane. Additionally the Company acquired the South Woodie Woodie manganese project in Western Australia however due to the Company’s focus on Indonesia and the increased prospectivity of the project 80% was sold to Spitfire Resources Ltd.
Churchill's management continues to assess further opportunities in Australia and southern Asia to acquire quality projects in line with the Company's business plan. Churchill is committed to growing shareholder value by becoming a leading minerals explorer and future miner.
Thursday, June 04, 2009
J O Hambro Investment raises Churchill Mining stake to 5 pct
Churchill Mining PLC (AIM: CHL) said J O Hambro Investment Management Ltd has increased its holding in the company by 600,000 shares and now holds 3.868 million shares, thus controlling 5 percent of the voting rights.
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Other Churchill Mining articles
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08/12/08 Churchill Mining - preliminary pit design envisages low strip ratio
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20/10/08 Churchill Mining - 1.4 billion tonnes of coal: the countdown to production begins
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05/03/08 Churchill Mining: Aiming to become part of Indonesia's thermal coal export industry
Other Churchill Mining news
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24/02/10 Churchill Mining targets completion of East Kutai feasibility review for Q2 2010
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16/02/10 Churchill Mining gets further vote of confidence as Indo Setubara ups stake to 7.6%
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11/01/10 Churchill Mining makes Caesars Report’s top 5 mining stocks for 2010 list
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10/12/09 Churchill Mining names Pala Investments as strategic advisor
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26/10/09 Churchill Mining announces East Kutai maiden reserve of 956 mln tonnes of in-situ coal
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22/10/09 Churchill Mining's maiden reserve statement for East Kutai coal project imminent, sees feasibility study by end-2009
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28/09/09 Churchill Mining gets 3 approaches, 2 for projects and 1 for the company
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03/06/09 Pala Investments raises Churchill Mining stake to 29. 36 pct
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27/05/09 Churchill Mining tops up coffers with £5 million placing to institutional investors
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27/05/09 Paul Mazak of Churchill Mining talks to Proactiveinvestors